Jeffrey Green

Revenue from electronic channels supported by The Western Union Co., including westernunion.com, account-based funds transfers and mobile funds transfers, grew by more than 35% during the second quarter, the company said in announcing its earnings for the period.

The expedited bill-payment provider Tio Networks Corp. handled 3.9 million transactions in the third quarter that ended April 30, up more than 18% from a year earlier.

Sharp reductions in credit card bad-debt and total expenses, and increased use of private-label cards, helped lift Target Corp.'s credit card segment in its fiscal first quarter.

Financial institutions will likely soon face significant reductions in debit card interchange revenue, but that hasn't stopped Bank of Internet USA, a unit of BofI Holding Inc. of San Diego, from launching a program in which customers will receive cash back on purchases initiated with its Visa check cards.

New York's Metropolitan Transportation Authority has developed a concept of operations for use in establishing a contactless fare-payment system for transit.

A San Francisco company has introduced a system designed to facilitate deployment of near-field communication payments and other contactless services by resolving fragmentation and interoperability issues.

Inetco Systems Ltd., a Canadian company that provides transaction monitoring services, has released an ATM platform called Insight 4.7.

Dm-drogerie markt GmbH + Co. KG, one of Germany's top two drugstore chains, is deploying more than 3,700 Hypercom Corp. payment terminals at its nearly 1,200 retail outlets nationwide, Hypercom announced Tuesday.

CHS Inc., an energy, grains and food company, plans to use Comdata Corp.'s Smart Solutions point of sale systems at its 1,400 convenience stores nationwide that operate under the Cenex brand.

Executives at Global Cash Access Holdings Inc. said they are seeing positive signs ahead, particularly in international markets, but revenue continued to decline in the fourth quarter of 2010.

Tyfone Inc. is working with the smartphone accessory company Dexim Inc. to offer a sleeve that attaches to Apple Inc.'s iPhone to support contactless payments worldwide.

MasterCard Inc. said it is exploring ways to secure more volume for its processing switch from cards carrying the network's brand, especially outside the U.S.

Payment-terminal maker VeriFone Systems Inc. this afternoon reported net income of $32 million for the fiscal first quarter ended Jan. 31, up 202% from $10.6 million during the same period last year. Revenue was up 27%, to $283.8 million from $223.4 million.

Tyfone Inc. is partnering with smartphone-accessory company Dexim Inc. to offer a sleeve that attaches to Apple Inc.'s iPhone to support contactless payments worldwide using Tyfone's SideTap microSD chip technology, the companies announced Feb. 28.

Fresh off its Dec. 15 initial public offering, FleetCor Technologies Inc. on Feb. 23 reported net income of $17.5 million for the fourth quarter, down 30% from a year earlier.

The Brazilian ATM and kiosk manufacturer Itautec SA has begun selling its roster of Adattis ATMs, cash dispensers and kiosks to U.S. credit unions and community banks.

Cineplex Entertainment, which supports 132 movie theaters in Canada serving more than 70 million visitors a year, is giving consumers the option to pay for tickets from their PayPal Inc. account.

The payment-processing platform provider Aptys Solutions is now including an automated clearing house functionality with its PayLogics processing platform.

Maas Global Solutions Corp. has become the exclusive processor for Pride Payments Network LLC after making a "significant investment" in the merchant acquiring independent sales organization, the companies have announced.

Electronic Payment Exchange will process payments for Private Quarters Inc., a seller of bed and bath linens and comfortwear.